GBPJPY was travelling in an ascending channel however it recently just broke out of the channel to the downside. Price has been performing very nicely inside the zones marked on the charts. I expect price to rise up to the resistance area (142.800) it is currently underneath (142.1 - 142.8) where it will also touch the top of the new DESCENDING channel price has...
A perfect Elliott´s wave appears with the next Fibonacci retracements: Wave 2: retrecment 50% of wave 1 that indicates a deeply-hight rate price. It means that the wave 3 will be higher than the normal. Wave 3: More than 200% of Fibonacci´s extension, taking a wave 1 as a reference. wave 4: retracement 60% of a wave 3, shows the features of wave 4 and...
BULLS ARE ABOUT TO TAKE OVER THIS PAIR ON THE MONTHLY TF I SEE A TEACUP ON WEEKLY A DOUBLE BOTTOM W 2 CONSOLIDATION ZONES FULL OF DOJIS AND ON DAILY A BREAK ON THE BEARISH TRENDLINE AND ITS ON THE RETOUCH SEEMS TOO PERFECT WERE GOING HEAVY ON THIS ONE SO LETS SEE WHAT IT HAS IN STORE FOR US..
If pullback occurs... may be super trend down until next strong support